Smart chip credit cards are finally coming to the U.S. In yesterday’s post, we discussed why you need a smart card for your travels. What we didn’t tell you was that there are two major types of smart chip cards you should be aware of.
Don’t worry, figuring out which one works best for you is not as confusing as you might think. Let us explain.
Not all smart chip credit cards are created equal
When looking for a smart card, you need to know that there are “chip-and-pin” and “chip-and-signature” cards.
- Chip-and-pin cards allow you to use automated kiosks that require you to enter a pin number at point of sale. No signature required for any purchase.
- Chip-and-signature cards on the other hand, require a signature for purchases but no PIN. They’re just like your typical magnetic strip card. However, since these cards do not require a PIN they may not function on some automated kiosks that require you to enter a PIN.
Tip: If prompted for a PIN by a kiosk, just pressing enter may work on some machines.
Which one do I need?
Either card will work for most purposes since merchant point of sale devices can generally handle both types of cards . However, to be extra sure that you’re not going to be stranded at an automated kiosk, you may want to carry a chip-and-pin card, just in case.
Below are a few consumer cards that you may want to take a look at.
We do not have all of the cards below. So if you end up getting one of these cards, please tell us your experience. We would love to hear them!
- Chase J.P. Morgan Select Visa Signature
- Chase J.P. Morgan Palladium
- Chase British Airways Visa Signature® Card
- Chase The Hyatt Credit Card
- Wells Fargo Platinum Credit Card (pilot program)
- U.S. Bank FlexPerks Travel Rewards Visa credit card – announced and we called to confirm that this is a smart card, although this is not mentioned on the card description…
- Browse CreditCards.com for additional smart chip credit card applications. For example, you can apply for the USBAnk FlexPerks card through there.
A detailed comparison of chip and signature cards here.
There are not that many personal credit cards with chip-and-pin. I found two. If you find any not on this list let us know!
- The Andrews Federal Credit Union’s – GlobeTrek Visa® Rewards Card
- The United Nations Federal Credit Union – The Elite Credit Card